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Studio · 442 sqftRitz Residence, International City Phase 2 & 3 · 3rd floor · completed 2009

303, Ritz Residence

Sold prices and rental history: sold once, by the developer in December 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 15 October 2021
Last soldAED 395K29 December 2011
Current rentAED 20K /yr15 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 303, Ritz Residence

What is 303 worth today?

Last sold for AED 395,000 in 2011

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15 Oct 2021RentedNew contract
AED 20,000/yr12 months · AED 45 per sqft
25 Jun 2020RentedNew contract
AED 22,000/yr12 months · AED 50 per sqft
5 Sep 2019RentedNew contract
AED 26,000/yr12 months · AED 59 per sqft
21 Oct 2014RentedNew contract
AED 34,000/yr12 months · AED 77 per sqft
21 Oct 2013RentedNew contract
AED 30,000/yr12 months · AED 68 per sqft
29 Dec 2011Sold by developerReady
AED 395,000AED 894 per sqft

Source: Dubai Land Department. Updated 15 October 2021.

Key facts

Type
Studio apartment
Size
442 sqft
Floor
3rd of 7
Parking
B2-51
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,300 /yr
Last sold
AED 395K · December 2011
Building
Ritz Residence

About 303, Ritz Residence

303 is a studio of 442 sqft on the 3rd floor of Ritz Residence, a 7-storey tower in International City Phase 2 & 3 completed in 2009 by Alwifaq Investment Properties. The developer sold it on 29 December 2011 for AED 395,000, or AED 894 per sqft, in line with the AED 877 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 15 October 2021, is AED 20,000 a year: a gross yield of 5.1% on the 2011 price, before the service charge of about AED 6,300 a year.

Sales and rents for 303 over time

Sales
Unit 303, each saleTypical studio in Ritz Residence
300K400K2011201520192023Typical sale price by year: 2011 AED 380,000; 2012 AED 380,000; 2013 AED 320,000; 2014 AED 348,720; 2015 AED 420,000; 2016 AED 370,000; 2017 AED 372,500; 2018 AED 330,000; 2022 AED 237,500; 2023 AED 275,000; 2024 AED 355,000; 2025 AED 417,500Sold by developer, December 2011: AED 395,000 (AED 894 per sqft)

303 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 303, each contractTypical studio in Ritz Residence
20K30K40K2012201620202024Typical rent by year: 2012 AED 20,500; 2013 AED 26,000; 2014 AED 34,000; 2015 AED 39,500; 2016 AED 39,779; 2017 AED 36,000; 2018 AED 30,000; 2019 AED 25,750; 2020 AED 22,500; 2021 AED 20,000; 2022 AED 22,000; 2023 AED 25,000; 2024 AED 30,000; 2025 AED 32,000; 2026 AED 36,000New contract, October 2013: AED 30,000 a yearNew contract, October 2014: AED 34,000 a yearNew contract, September 2019: AED 26,000 a yearNew contract, June 2020: AED 22,000 a yearNew contract, October 2021: AED 20,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Ritz Residence, and where 303 sits

All 75 studios →

303 last sold in December 2011 at AED 894 per sqft, in line with what studios in Ritz Residence were fetching at the time (AED 877). Over the last 12 months studios sold for AED 410,000 to 465,000, around AED 828 per sqft, and rent for AED 25,000 to 60,000 a year. 303's AED 20,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
2 Nov 2026420,000
21 Nov 2025465,000
10 Nov 2025410,000
9 Sep 2025425,000
3 studio sales in the last 12 months

Ritz Residence

Building

150 apartments, studios to 1-bed over 7 floors in International City Phase 2 & 3, completed in 2009 by Alwifaq Investment Properties. 10 sold in the last 12 months.

Typical price per sqft
AED 833 Up 26.2%
Typical sale
AED 565K
Typical rent
AED 40K /yr
Typical yield
8.3%
Ritz Residence, International City Phase 2 & 3: prices, sales and rents →

Other units on the 3rd floor

All 150 units in Ritz Residence
Value
3011-bedAED 360K · Jul 2023
302StudioAED 270K · Dec 2019
304StudioAED 395K · Dec 2011
305StudioAED 395K · Feb 2012
306StudioAED 395K · Oct 2012
307StudioAED 388K · Aug 2012
308StudioAED 347K · Jan 2014
1–7 of 23

303, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 29 December 2011 for AED 395,000, or AED 894 per sqft.
  • Rented since October 2013 on 5 Ejari contracts, from AED 30,000 to AED 20,000 a year.
  • At AED 20,000 a year the gross yield on the 2011 price is 5.1%, before a service charge of about AED 6,300 a year (AED 14.31 per sqft).
  • Studios in Ritz Residence sold for AED 410,000–465,000 in the 12 months to November 2026; the building's median across all types is AED 833 per sqft.

Source: Dubai Land Department. Updated 15 October 2021.

Questions about 303, Ritz Residence

What did unit 303 last sell for?

AED 395,000 on 29 December 2011, sold by the developer: AED 894 per sqft for 442 sqft. It is the only registered sale of the unit.

What is the rent for unit 303?

AED 20,000 a year on the contract signed on 15 October 2021. The previous contract, from June 2020, was AED 22,000; the unit has been rented since October 2013.

How big is unit 303?

442 sqft (41.1 sqm): a studio on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 303 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Ritz Residence sold for AED 410,000 to 465,000 in the last 12 months, around AED 828 per sqft.

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Mortgage on 303, Ritz Residence

Starts from the last sale price (AED 395K, 29 December 2011). Switch to today's estimate once you have unlocked it.
Price
AED 395,000
Deposit, UAE resident (20%)
AED 79,000
Deposit, non-resident (40%)
AED 158,000
Monthly over 25 years at 3.7%
AED 1,616

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →